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Technology Stocks : Lucent Technologies (LU)
LU 2.650-2.9%Nov 14 3:59 PM EST
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To: MMW who wrote (8900)7/28/1999 12:29:00 PM
From: Chuzzlewit  Read Replies (1) of 21876
 
I think that Mr. Fun and I discussed this issue thoroughly. I was in error when I claimed that LU had negative operating cash flow last quarter. LU's operating cash flow over the most recent 3 quarters has been disappointing but it is improving. If the improvements forecast by Mr. Fun materialize I see little problem with LU meeting its current obligations using existing cash flow from operations.

However, should LU continue to buy companies in the near future there could well be a need for additional debt.

TTFN,
CTC
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